Elo Mutual Pension Insurance Co Buys New Holdings in Ingredion Incorporated $INGR

Elo Mutual Pension Insurance Co purchased a new position in Ingredion Incorporated (NYSE:INGR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,740 shares of the company’s stock, valued at approximately $1,311,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. WPG Advisers LLC raised its position in shares of Ingredion by 100.8% during the third quarter. WPG Advisers LLC now owns 245 shares of the company’s stock worth $30,000 after purchasing an additional 123 shares during the period. Hantz Financial Services Inc. increased its stake in Ingredion by 810.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 255 shares of the company’s stock valued at $35,000 after purchasing an additional 227 shares in the last quarter. Root Financial Partners LLC acquired a new position in Ingredion during the third quarter worth $36,000. SJS Investment Consulting Inc. lifted its stake in shares of Ingredion by 4,000.0% in the third quarter. SJS Investment Consulting Inc. now owns 410 shares of the company’s stock valued at $50,000 after buying an additional 400 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of Ingredion by 500.0% during the third quarter. True Wealth Design LLC now owns 444 shares of the company’s stock valued at $54,000 after buying an additional 370 shares during the last quarter. Institutional investors and hedge funds own 85.27% of the company’s stock.

Ingredion Stock Performance

Shares of Ingredion stock opened at $112.90 on Friday. The business’s fifty day simple moving average is $115.58 and its 200 day simple moving average is $116.66. The firm has a market capitalization of $7.11 billion, a P/E ratio of 10.12, a price-to-earnings-growth ratio of 0.90 and a beta of 0.69. Ingredion Incorporated has a 12 month low of $102.31 and a 12 month high of $141.78. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.41.

Ingredion (NYSE:INGR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $2.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.59 by ($0.06). The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.78 billion. Ingredion had a net margin of 10.10% and a return on equity of 17.32%. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.63 EPS. Ingredion has set its FY 2026 guidance at 11.000-11.8 EPS. As a group, analysts anticipate that Ingredion Incorporated will post 11.14 EPS for the current year.

Ingredion Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Friday, January 2nd were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 2nd. Ingredion’s dividend payout ratio (DPR) is 29.39%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Stephens restated an “equal weight” rating and issued a $120.00 target price on shares of Ingredion in a report on Wednesday, February 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Ingredion in a research note on Monday, December 29th. iA Financial set a $124.00 target price on Ingredion in a report on Thursday, November 6th. Jefferies Financial Group reiterated a “hold” rating on shares of Ingredion in a report on Wednesday, February 4th. Finally, Barclays raised their price objective on Ingredion from $124.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.83.

Insider Activity

In related news, SVP Larry Fernandes sold 1,125 shares of Ingredion stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $131,118.75. Following the sale, the senior vice president owned 30,514 shares of the company’s stock, valued at approximately $3,556,406.70. The trade was a 3.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO James P. Zallie sold 9,958 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $116.55, for a total value of $1,160,604.90. Following the completion of the transaction, the chief executive officer owned 33,011 shares in the company, valued at approximately $3,847,432.05. The trade was a 23.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 48,310 shares of company stock worth $5,741,733. Insiders own 2.30% of the company’s stock.

Ingredion Profile

Ingredion Incorporated is a global ingredient solutions company specializing in the production and sale of starches, sweeteners, nutrition ingredients and biomaterials derived primarily from corn and other plant-based raw materials. The company serves a diverse set of industries, including food and beverage, brewing, pharmaceuticals and personal care, providing functional ingredients that enhance texture, stability, flavor and nutritional value in a wide array of end products.

The company’s product portfolio comprises native and modified starches, high-fructose corn syrup, dextrose, maltodextrins, specialty sweeteners and various texturizers.